Trivia Tidbit of the Day: Part 650 -- Stimulus Not Stimulative.

As can be seen the increase in unemployment is much less than the size of the stimulus package would suggest. If our unemployment rate had grown in line with average OECD expectations, the unemployment rate would be 7.9 percent but still less than the budget forecast of 8.5 percent.

So it is not clear that stimulus spending has saved Australian unemployment from going through the roof. It is far more likely that our resilient economy has fared well due to 25 years of economic reform beginning with the Hawke government and is not simply due to governmental quick fixes.